This week started with a shock for BTC bulls as many expected the price to break 118k this week, but the week started with a huge dump that I didn't even expect to happen on Monday morning. Last week news wasn't so good for BTC, and it waited for days for it to take effect on the market.
From the look of things, do you think we will get a new ATH or price will head below 90k
Right now the market is bleeding more than when you had posted here. Bitcoin dropped below 109K, and altcoins seem to be bleeding hard. Most of the predictors thought Bitcoin will break ATH one more time before a hard reset. But everything is going in reverse; the overall situation isn't very good right now for Bitcoin, hence it has been dumping hard. Also ETF flow seems very low for Bitcoin right now.
However, I am expecting Bitcoin to even drop below 106K today or by tomorrow. Then it would start a regrowth that would eventually break ATH and record a new ATH. Then most probably Bitcoin is going for a hard reset and will drop below 100K. Otherwise, it might keep dropping, and we may see a hard reset from this downtrend.